Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Has Average Price Target of $433.60 According to Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $433.60.

A number of equities analysts recently issued reports on the company. Barclays upped their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a report on Monday, August 17th. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Citigroup reiterated a “market perform” rating on shares of Jones Lang LaSalle in a research note on Thursday, September 17th. Finally, Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th.

Jones Lang LaSalle Stock Down 2.3%

Shares of NYSE JLL opened at $296.63 on Monday. The company has a market capitalization of $13.59 billion, a price-to-earnings ratio of 14.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The business has a 50-day moving average of $350.80 and a two-hundred day moving average of $326.28. Jones Lang LaSalle has a 1 year low of $259.83 and a 1 year high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The business had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the prior year, the business posted $3.30 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts forecast that Jones Lang LaSalle will post 25.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the sale, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. The trade was a 1.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 6,000 shares of company stock valued at $2,271,060. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JLL. Private Client Services LLC purchased a new stake in Jones Lang LaSalle in the third quarter valued at approximately $313,000. Versant Capital Management Inc grew its position in shares of Jones Lang LaSalle by 8.1% during the third quarter. Versant Capital Management Inc now owns 469 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 35 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Jones Lang LaSalle by 75.3% during the second quarter. QRG Capital Management Inc. now owns 27,400 shares of the financial services provider’s stock worth $8,493,000 after acquiring an additional 11,771 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Jones Lang LaSalle by 36.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,030 shares of the financial services provider’s stock valued at $1,869,000 after acquiring an additional 1,600 shares during the period. Finally, Tidal Investments LLC raised its position in Jones Lang LaSalle by 47.9% in the 2nd quarter. Tidal Investments LLC now owns 78,419 shares of the financial services provider’s stock valued at $24,306,000 after purchasing an additional 25,413 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a global commercial real estate services and investment management company headquartered in Chicago, Illinois. The company provides real estate expertise to corporate, institutional and private clients across office, industrial, retail, residential, hotel and other property sectors.

JLL’s services include leasing, property and facilities management, capital markets advisory, investment sales, valuation, development and project management, workplace consulting, and strategic real estate advice.